Discover® Student Card - Monogram Collection

No annual fee; reasonably low interest rate.

Discover® Student Card - Monogram Collection Credit Card Consumer Review

The Discover® Student Card - Monogram Collection, issued by Discover, provides a Cashback Bonus® reward program as well as a personalized card design that displays the cardholder's initial(s). Through the reward program, students can earn a 5% rebate for purchases made in popular categories that change four times a year like travel, gas, restaurants, movies, and more. In addition, cardholders earn up to 1% for general purchases. Those who spend up to $1,500 on general purchases will receive a .25% rebate, between $1,500 and $3,000 will receive a .5% rebate, and over $3,000 will receive a 1% rebate.* Cardholders also earn a 0.25% rebate at select warehouse clubs and discount stores, and they can earn a double Cashback Bonus® for redeeming their rebates for gift certificates from participating Discover Card Partners. There is no yearly limit on the amount of rebates that can be earned, and rebates do not expire as long as the account is active within a 36-month period. Aside from the reward program, the unique feature of this card is that cardholders can choose from three card designs that will display either their first initial or their first and last initials on the front of the card. The card also provides standard benefits, including online account management, no liability for unauthorized transactions, and discounts on products and services at participating merchants and retailers. This card has a 0% introductory APR on balance transfers for 6 months, and a 0% introductory APR on purchases for up to 6 months. There is also no annual fee. Therefore, those who plan to spend over $3,000 a year (to earn the 1% cash rebate), plan to use their Cashback Bonus® award at participating retailers (to earn a full 5% rebate and double cash rebates), and plan to pay in full each month (to avoid costly finance charges) will benefit most from what the Discover® Student Card - Monogram Collection has to offer. *It is important to note that like many cash reward cards, the highest rebate offered will not apply to all purchases made with the credit card. In this case, 1% will be applied only to those purchases made after the cardholder spends over $3,000 in one year, so the overall cash rebate earned will be less than 1%, depending on the amount spent. For instance, if the cardholder were to spend $4,000, only $1,000 of this amount would be applied towards the 1% rebate. However, this does not take into account any promotional offers or the full 5% Cashback Bonus® award.

Other Discover credit cards

Below are other great Discover credit cards. Review each card carefully to select the right Discover credit card for you!

Discover® Student Card

0% intro APR on purchases; double cash rebates at participating retailers and merchants (through the Cashback Bonus® award program); no annual fee.
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Discover® Student Card - Clear

Double cash rebates at participating retailers and merchants (through the Cashback Bonus® award program); no annual fee; 0% intro APR on purchases.
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Miles by Discover® Card

0% introductory rate; reward program; bonus miles.
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Discover® More(SM) Card - American Flag

Double cash rebates at participating retailers and merchants (through the Cashback Bonus® award program); no annual fee; 0% introductory rate.
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Discover® More(SM) Card - Sealife Collection

Double cash rebates at participating retailers and merchants (through the Cashback Bonus® award program); 0% introductory rate; no annual fee.
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Discover® More(SM) Card - Wildlife Collection

Double cash rebates at participating retailers and merchants (through the Cashback Bonus® award program); 0% introductory rate; no annual fee.
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Discover® More(SM) Card

Double cash rebates at participating retailers and merchants (through the Cashback Bonus® award program); 0% introductory rate; no annual fee.
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Discover® Motiva(SM) Card

No annual fee; low introductory rate; reward program.
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Current by Discover - Teen Prepaid Debit Card

free direct deposit; parental controls
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